The $54.25 million sale of two Multifamily properties, Malibu Gardens and Sunrise Commons, has been brokered by Walker & Dunlop. The properties, located at 26600 Southwest 146th Court & 13800 Southwest 268th Street in Homestead & Naranja, were sold to address the growing shortage of affordable housing in the Miami area. The sale will benefit renters in need of affordable housing.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $54,250,000
• Units: 365
• Price Per Unit: $148,630
• Buyer: Landmark Companies - Bill Spencer
• Seller: Lincoln Avenue Communities - Jordan Richter
• Brokers: Aaron Hargrove & Eric Taylor - Walker & Dunlop, Inc

The deal's key individuals include Bill Spencer of Landmark Companies as the buyer and Jordan Richter of Lincoln Avenue Communities as the seller. The transaction was facilitated by brokers Aaron Hargrove and Eric Taylor of Walker & Dunlop, Inc.